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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Drive through restaurants
2090 Grn Bay Rd Racine, WI 53406-4916
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US92-0755079
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1989
Total area
3,313 SF
Lot
0.97 ac (42,427 SF)
Zoning code
B2
APN
276 000023926002
UPID
US92-0755079
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
KFC Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.95M
Owner & transaction history
State Of Wisconsin
State Of Wisconsin
since 2025
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
B2 · Racine, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Racine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Racine submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,950,000
ML approach
$1,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±10% · vs last sale $1.95M (Oct 7 2024)
Last sale anchor
$1.95M
Oct 7 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$589 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,586
Tax year 2023
Assessed value
$855,000
Assessed 2023
Previous assessed
$855,000
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$424,000
Assessed improvement
$431,000
Land market value
$469,577
Improvement market value
$477,330
Total market value
$946,907
Applied tax rate
276.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1989
Heating
YES
Cooling
YES
Stories
1
Total area
3,313 SF
Lot
0.97 ac (42,427 SF)
Zoning code
B2
APN
276 000023926002
UPID
US92-0755079
Jurisdiction
RACINE
Zoning & alternative use
B2 · Racine, WI
Zoning B2 · permitted uses
B2 · Racine, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Racine. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Heating
YES
Cooling
Yes
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
State Of Wisconsin
Individual
Mailing address
1616 PO BOX 2578TH RD, KIRKLAND, WA 98083-2578
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
—
State Of Wisconsin
Wisconsin Electric Power Company
Quitclaim Deed
related
—
Aug 19, 2025
—
State Of Wisconsin
Paetec Communications LLC
Quitclaim Deed
related
—
Jul 17, 2025
—
Wisconsin Department Of Transportat
Fleur De Lis Wi LLC
Warranty Deed
—
Oct 7, 2024
$1,950,000
Fleur De Lis Wi LLC
Cmg Holdco Re LLC
Special Warranty Deed
—
Oct 7, 2024
—
Fleur De Lis Wi LLC
Cmg Holdco Re LLC
Quit Claim Deed
related
—
Jul 5, 2024
$900,000
Cmg Holdco Re LLC
Sekao INC
Warranty Deed
—
Aug 11, 2021
—
Mitra Midwest Operations LLC
—
Deed
related
$170,000,000 · Mufg Union Bank NA
May 6, 2016
—
H & K Partners LLC
—
Deed
related
$15,000,000 · Wells Fargo Bk
Sep 29, 2004
—
Fitzpatrick Acquisitions LLC
—
Loan Modification
related
$36,955,000 · Citicorp Leasing INC
—
—
H & K Partners LLC
—
Deed Of Trust
related
$15,000,000 · Wells Fargo Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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